Ilika Plc Regulatory News (IKA)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Ilika Plc("Ilika" or the "Company")

Results of General Meeting and Open Offer

On 11 July 2018, Ilika plc (AIM: IKA) the advanced solid-state battery technology and materials innovation company, announced a proposed conditional placing (the "Placing") to raise gross proceeds of not less than £4.0 million and an associated Open Offer (the "Open Offer") to raise up to £1.0 million by way of a Placing of 20,224,683 new Ordinary Shares at a Placing Price of 20 pence per share and an Open Offer of up to 5,058,240 new Ordinary Shares at a price of 20 pence per share.

The Company is pleased to announce that at its General Meeting, held earlier today, all of the Resolutions set out in the circular dated 11 July 2018 were duly approved.

Further to this, the Company can now confirm that it will issue, pursuant to the Placing and Open Offer, 22,315,890 New Ordinary Shares at 20 pence per share, raising approximately £4.46 million in aggregate. The issue of New Ordinary Shares will be split as follows:

· 20,224,683 shares under the Placing, raising gross proceeds of approximately £4.04 million; and

· 2,091,207 shares taken up under the Open Offer, including excess applications, raising gross proceeds of approximately £0.42 million.

Accordingly, the Company has applied to the London Stock Exchange for 22,315,890 ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am on 30 July 2018.

Following Admission, the Company's issued share capital will comprise 100,718,600 ordinary shares of 1p each and may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

Commenting on the results of the GM and Open Offer Graeme Purdy, Chief Executive of Ilika, said: "I'd like to thank Ilika's shareholders for supporting our vision for company growth. We remain very focussed on delivering the technical and commercial goals we have outlined in our roadmap."

Defined terms used in this announcement will have the meanings (unless the context otherwise requires) set out in the circular dated 11 July 2018, which is available on the Company's website www.ilika.com.